b) Explain the meaning of a 'taxable activity' and why it is important for GST purposes. Give two examples of activities that are not taxable activities.

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A: Answer

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A: The Whitfords beach cases in Australia involve disputes between the Australian Taxation Office (ATO)…

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Q: Please explain these Ferguson  cases under Taxation. Theory question, please concentrate. Under…

A: The Ferguson cases refer to a series of legal cases that occurred in Australia in the 1970s and…

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A: Touching on governance responsibility. Numerous civil society teams within the countryhave started…

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Q: c) What are the advantages and disadvantages of voluntarily registering for GST?

A: What are the Advantages and disadvantages of voluntarily  registering  for GST?

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A: Deferred Tax Deferred tax account shows the amount of reconciliation, which occurs due to the…

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A: A capital gain tax refers to the tax levied on the profits realized from the sale of items other…

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Q: A domestic corporation is taxed on income earned from: Within the Philippines only Within…

A: A domestic corporation is a business that is based in its home country and conducts its operations…

Q: How should the payment of income tax of $300 of a New Zealand resident company be recorded in the…

A: Answer: Imputation credit account is used by company to keep the actual track of tax paid or tax…

Q: person who is outside Philippine territory may be subject to tax and a person who is within the…

A: Residents  of Philippines  will be subject  to tax if there income is greater than P250000

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A: Income tax payable is an obligation by the tax payer to the government on the taxable income.